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Egypt’s IMF Loan Talks in Cairo End Without Agreement

Egypt’s negotiations with the International Monetary Fund in Cairo ended without a loan agreement, halting a bond rally, as the country seeks funds to shore up an economy weakened by mounting unrest.

Egyptian officials, who had expressed hopes of a deal during the IMF team’s two-week visit, said talks will resume in Washington. They’re moving in a “very positive manner and we’re expecting to end in an agreement soon,” Planning Minister Ashraf El-Arabi said in a television interview late yesterday. The IMF said in an e-mail that “discussions with the authorities will continue,” without giving a date.